Event Dime

Pershing Square set to sell its UMG stake for up to €1.5bn

Music & Concerts
When:
June 4, 2026 · 12:40 PM
Source:
Spotify to support US grassroots venues via NIVA partnership

Universal Music Group rejected hedge-fund Pershing Square’s €55bn acquisition offer last week. But with the latter owning a 4.7% stake in the major label, what happens next? Well, what appears to be happening next is that Pershing Square is selling that stake. Bloomberg reported that the company plans to sell roughly 80.6m UMG shares for up to €18.62 each […]

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    Spotify to support US grassroots venues via NIVA partnership

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    Music & Concerts